The Trump administration’s rosy promises of a new “golden age” with 6% economic growth have fizzled on the realities of slower-than-anticipated growth and souring consumer sentiment.
President Trump’s roller coaster economy has risen with consumer spending and AI investment but also tumbled on tariff uncertainty, stubborn inflation and his Iran war, muddling the economic picture.
Trump preaches a golden future, but many voters aren’t buying it. That’s a warning sign for the midterms: Reuters-Ipsos polling out this week found that Americans favored Democrats over Republicans on economic policy for the first time in nearly a decade.
The big picture: Roughly 18 months into Trump’s second term, the economy has proved more resilient than many expected, buoyed in large part by an AI infrastructure buildout that transcends Washington politics.
But the dramatic acceleration the administration promised has yet to materialize. Many economists believe the administration’s most ambitious growth targets would require a productivity boom well beyond anything currently visible in the data.
Trump admin’s golden age dimmed by reality
(Avery Lotz, Courtenay Brown – Axios)
The Global Eye is in partnership with SIOI
